The Inducement Policy sets out to manage the Company’s arrangements with respect to any fees, commission or non-monetary benefit paid or provided to by the Company for investment management or ancillary services. Praude Asset Management Limited must always act honestly, fairly and professionally in accordance with the best interest of a client and therefore this inducement policy sets out the parameter within which the Company may pay out or receive inducements which are in line with the applicable EU Directives and MFSA Rules.
Inducements procedures are in addition to the rules on Conflicts of Interest, therefore Praude Asset Management Limited cannot rely solely on its general Conflicts of Interest Policy for the purpose of inducement rules. The Conflicts of Interest and Inducement Policy are complementary and are not substitutes or alternatives.
The Policy sets out the legal requirements regarding inducements and the Company’s principles.
The Inducement Policy is applicable to payments to or by legal entities outside Praude Asset Management Limited and the policy is in line with the applicable Directives and MFSA rules,
The Inducement Policy is reviewed annually or whenever the need arises.
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